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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
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Wednesday, March 07, 2012

German Factory Orders in Negative Territory in 5 of the Last 7 Months

Data released this morning shows that, since September 2011, German Factory Orders have been in negative territory in five of the last seven months, as shown on the graph below...confirming the contraction in Europe's fourth quarter GDP report released yesterday.

As Germany is reportedly the strongest (economically) of the EU countries, it will be interesting to see if its leadership prevails and whether it can lead the other countries out of recession.